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Transport for London's head of Surface Transport, Leon Daniels wrote to the boss of one of London’s leading bus operating companies, John Trayner offering to share extra bus fare revenue generated during the Olympics with bus operators on the condition that they then pass it on to workers.

The TfL offer would see any additional bus fare revenue split 50:50 with bus operating companies, on the condition that it is passed on to bus staff, following the Games. TfL offered to have the amount of additional bus fare revenue generated during the Games independently verified.

The TfL offer comes on top of an offer from the bus operators to supplement the £8.3m from the Olympic Delivery Authority brokered by the Mayor with funds of their own.